2 weeks Ago By Defense World Staff
LPL Financial LLC boosted its holdings in Semtech Co. (NASDAQ:SMTC – Free Report) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 19,154 shares of the semiconductor company’s stock after purchasing an additional 2,965 shares during the quarter. LPL Financial LLC’s holdings in Semtech were worth $1,185,000 at the end of the most recent quarter. Other institutional investors have also recently added to or reduced their stakes in the company.
Hollencrest Capital Management bought a new position in Semtech during the 4th quarter worth $31,000. Smartleaf Asset Management LLC boosted its position in shares of Semtech by 190.6% during the 4th quarter.
Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 505 shares in the last quarter. AlphaQuest LLC grew its position in Semtech by 173.5% in the fourth quarter.
AlphaQuest LLC now owns 1,217 shares of the semiconductor company’s stock worth $75,000 after buying an additional 772 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Semtech in the 4th quarter worth about $91,000.
Finally, Pacer Advisors Inc. lifted its position in shares of Semtech by 51.1% in the 4th quarter.
Pacer Advisors Inc. now owns 1,768 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 598 shares in the last quarter. Insider ActivityIn other news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction on Thursday, March 6th.
The stock was sold at an average price of $34.68, for a total transaction of $377,665.20.
Following the completion of the sale, the chief financial officer now owns 11,625 shares of the company’s stock, valued at approximately $403,155. This trade represents a 48.37 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 16,787 shares of company stock valued at $665,044 over the last ninety days. 0.
60% of the stock is currently owned by company insiders. Analyst Upgrades and DowngradesA number of equities analysts have recently weighed in on SMTC shares. Stifel Nicolaus dropped their target price on Semtech from $54.
00 to $35.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group decreased their price objective on shares of Semtech from $65.
00 to $60.00 and set a “buy” rating for the company in a report on Friday, March 14th. Morgan Stanley started coverage on Semtech in a research report on Monday, April 7th.
They issued an “equal weight” rating and a $30.00 price objective for the company. Craig Hallum reduced their price objective on Semtech from $70.
00 to $55.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, Piper Sandler reissued an “overweight” rating and issued a $55.
00 target price (down previously from $75.00) on shares of Semtech in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock.
According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.33.Check Out Our Latest Stock Analysis on SMTCSemtech Price PerformanceShares of NASDAQ SMTC opened at $26.
22 on Friday. Semtech Co. has a fifty-two week low of $24.
72 and a fifty-two week high of $79.52. The stock has a market capitalization of $2.
27 billion, a price-to-earnings ratio of -2.01, a PEG ratio of 2.12 and a beta of 1.
85. The business has a 50-day moving average of $34.19 and a 200-day moving average of $49.
18. Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The semiconductor company reported $0.
40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08.
The firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $249.40 million.
The business’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted ($0.
06) earnings per share. On average, sell-side analysts expect that Semtech Co. will post -0.
02 EPS for the current year. Semtech Company Profile (Free Report)Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.
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